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Hastings will recover from Cyclone Gabrielle with a 16-year plan, 5.9% rate hike, and $58 property fee.
Hastings residents will pay a 16-year recovery rate for Cyclone Gabrielle damage, with a proposed 5.9% overall rate increase due to secured funding and savings.
A $58 per property fee supports emergency management, while recovery costs are split evenly between a uniform charge and land value-based contributions.
The council says the long timeline maintains financial stability and low borrowing costs, improving the budget outlook from an $8.4 million to $4.8 million deficit, with a balanced budget expected by 2027/28.
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Hastings se recuperará del ciclón Gabrielle con un plan de 16 años, un aumento del 5,9% en las tasas, y una cuota de propiedad de $58 dólares.